Alert: Positive Investment/Fundamental Signals (1/3/24)-Bank of New York Mellon Corp (NYSE: BK)


Recent extremely meaningful positive changes in investment behavior have benefitted Bank of New York Mellon Corp (NYSE: BK): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Bank of New York Mellon Corp (NYSE: BK) has recently enjoyed significant positive changes in fundamentals: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

BK is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Bank of New York Mellon has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Bank of New York Mellon has a good Power Rating of 75 and a very high Appreciation Score of 90, with the Highest Value Trend Rating the result.

Recent Price Action

On 1/3/24, Bank of New York Mellon Corp (NYSE: BK) stock declined modestly by -1.1%, closing at $51.80. However, this decline was accompanied by below average trading volume at 73% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.6% during the last week.

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